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Thalassa - sale of main business brings nice cash pile – but what value the rest?

01/12/2017 · Thalassa Holdings Ltd (THAL) 

Thalassa Holdings (AIM:THAL) has announced the conditional sale of its main operating business in WGP Group for a maximum cash consideration of US$30m. In an awful climate for oil services business this is a great (nigh on miraculous!) result for shareholders. But what value the remainder of the business and what will they spend the money on?

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